Sanctions Round Up: Fourth Quarter 2018

Closing out 2018, OFAC announced its plan to lift sanctions against United Co. Rusal and others, despite bi-partisan opposition from Congress. Simultaneously, OFAC continued to target Russia’s defense and intelligence sectors for continued destabilizing activity in Ukraine, and worldwide elections interference. Also this quarter, the Iran nuclear sanctions resumed full effect, and the Trump Administration continued to increase pressure on Venezuela through a new executive order. Finally, OFAC rounded out the year with a notable increase in enforcement resolutions.

Please see full Memo below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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